By Arno Schuetze
FRANKFURT (Reuters) - German defense group RHEINMETALL (RHM.XE)
The two companies as well as U.S.-based Raytheon
The price tag on the sale, dubbed "Orlando", which is led by investment bank Evercore
Airbus, Europe's largest aerospace group, is currently selling several businesses to focus its defense division on warplanes, missiles, launchers and satellites.
A Rheinmetall spokesman said the company was following the divestment activities of Airbus, declining to comment further.
The other companies and private equity investors all declined to comment.
(Additional reporting by Sabine Siebold, Georgina Prodhan, Anneli Palmen, Andrea Shalal, Hasan Saeed and Tim Hepher. Editing by Jane Merriman)